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If a company receives money in advance of performing a service, the journal entry to record the transaction debits cash and credits unearned service revenue.

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If a company receives money in advance of performing a service, the journal entry to record the transaction
debits cash and credits unearned service revenue.
debits cash and credits accounts receivable.
debits cash and credits prepaid services.
debits unearned fees and credits accounts payable.
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